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Top Connect CRE News

Miami, Florida · Miami

DONALD M. SOFFER, VISIONARY DEVELOPER, PHILANTHROPIST, AND FAMILY PATRIARCH, PASSES AWAY AT 92

54% Center coverage: 45 sources

Link here for image See the Story

Elon Musk

Huge Texas Data Center Moves Ahead as Trump-Backed Stargate AI Project Faces Questions

64% Center coverage: 11 sources

ChatGPT creator OpenAI and cloud computing giant Oracle are partnering to bring 4.5 gigawatts of power to data center projects, including one currently under construction in Abilene. The deal is part of the Stargate Project, which was announce by President Donald Trump in January alongside a $500 billion investment. Yet sources say the project has been struggling to take off as planned.See the Story

Dave McCormick · Pennsylvania

Why This AI Company and Blackstone Are Investing $31 Billion in Pennsylvania

67% Center coverage: 3 sources

CoreWeave’s $6 billion investment in Pennsylvania suggests there could be vast promise for AI data centers in a state already leading in energy production.See the Story

Kayne Anderson, CEDARst Acquire 47-Story Millie on Michigan Luxury Apartment Tower in Chicago

CHICAGO — A joint venture between Kayne Anderson Real Estate and CEDARst Cos. has acquired Millie on Michigan, a newly built luxury apartment tower in Chicago’s Loop. Completed in 2022 and located at 300 N. Michigan Ave., the property rises 47 stories with 289 apartment units and 25,000 square feet of retail space. Amenities include a rooftop pool and lounge, coworking spaces, a fitness center, dog run and integrated smart home features. The ass…Chicago, IL · Chicago See the Story

Clear Height Properties, Long Wharf Capital Acquire Off-Market Industrial Building

A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Long Wharf Capital has acquired 570-590 Mitchell Road in Glendale Heights, Illinois. The 29,355-square-foot building is in DuPage County, two miles from the intersection of I-355 and Army Trail Road. It is fully leased to a long-term single tenant. An Avison Young team of Adam Haefner and Nick Fazio were the sole brokers in the sale. Clear Height…Real Estate · Glendale Heights Read Article

Circuit Board Assembler Doubles Operations in Move to Londonderry

Newmark arranged a new 86,954-square-foot lease at 12 Innovation Way, a light industrial property in Londonderry, NH. The tenant is circuit board assembly company, Intelligent Manufacturing Solutions (“IMS”). Executive managing directors Rich Ruggiero, Brian Pinch and Tyler McGrail represented the landlord, R.J. Kelly, in lease negotiations. The new lease will allow IMS to double the size of its operations to meet rising demand. The company will…Londonderry, New Hampshire · Londonderry Read Article

Chicago/Midwest People & Company News, week of July 25, 2025

St. Luke’s Health Corp. has selected Cushman & Wakefield to lead marketing efforts to sell its Des Peres Hospital Campus in St. Louis County. Cushman & Wakefield’s Tripp Hardin, SIOR, Mike Hanrahan, and Jack Gentile are representing the regional hospital system in the disposition of the hospital campus. The 47.4-acre site includes a 228,889-square-foot, 142-bed hospital. Indiana-based Regency Properties has promoted Jessica Wildeman to Vice Pres…Chicago, IL · Chicago Read Article

KLNB Completes $11M Sale of VA Shopping Center

KLNB’s Retail Capital Markets Team has completed the sale of the Shoppes at Haymarket, a 22,400-square-foot neighborhood shopping center located at 6711-6749 Lea Berry Way in Haymarket, Virginia, for $11.375 million. KLNB was hired to exclusively represent the seller, Fernau LeBlanc Investment Partners, in the transaction. The Shoppes at Haymarket is currently 100% leased to 13 tenants and has demonstrated exceptional tenant retention and income…Haymarket, Virginia · Haymarket Read Article

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